根据主权财富基金来源及其设立的动机或目标将其划分为三种类型:战略型、平滑型和稳定性。并以三家主权财富基金为代表分析比较各自收益的影响因素,其中资产配置比例、投资区域、基金规模对三类主权财富基金收益影响差异明显。中国的主权财富基金应该按照这三种类型实行分类管理并采取相应的投资策略。
According to the source,establishing motive and aim of sovereign wealth fund,it can be classified into three types:strategic,smooth and stable ones.It analyzes the influencing factors of profit by adopting three funds,among which the proportion of capital distribution,investment field and scale of fund show great difference.Chinese sovereign wealth fund should manage respectively and adopt relevant investment strategy according to these three types.